Which of the following statements about world trade flows is most accurate?
A)The United States is tied with China and Japan as the world's leaders in exports.
B)The U.S.percentage share of world exports has shifted upwards over the past 30 years.
C)The U.S.has maintained a steady percentage share of world imports.
D)The relative position of the U.S.as a supplier to the world has diminished despite an absolute growth in exports.
E)The United States' relative role as an exporter has decreased in areas of aerospace,chemical,pharmaceutical,and information technology industries within the past five years.

Question

Quizplus · Accepted Answer

While the absolute growth in exports has been steady, the relative position of the U.S. as a supplier to the world has diminished. This means that other countries have increased their exports at a faster rate than the U.S., causing a decrease in the U.S.'s relative role as an exporter. None of the other statements in the options accurately reflect this trend.

Which of the Following Statements About World Trade Flows Is